Breast cancer occurs when breast cells multiply uncontrollably and form a lump, which can be either benign or malignant. These cells typically create tumors that can be detected through x-rays or by palpation. The breast lesion localization methods market is anticipated to experience growth due to several factors, including the rising incidence of breast cancer, a heightened focus on treatment options, favorable reimbursement policies in both established and emerging economies, and an increase in product development.
The global breast lesion localization methods market was estimated at US$ 530.2 Mn, with a projected CAGR of 10.7% from 2023–2030.
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In the coming years, it is anticipated that breast cancer’s growing incidence in both emerging and developed economies will drive the growth of the breast lesion localization methods market. As per Breastcancer.org, the United States alone is expected to record 62,930 cases of non-invasive breast cancer and approximately 268,600 cases of invasive breast cancer in 2019. This presents a favorable environment for the expansion of the breast lesion localization methods market in the foreseeable future.
The breast lesion localization methods market is anticipated to experience growth in the near future due to a constant increase in population in emerging economies like India, as well as a growing emphasis on enhancing healthcare infrastructure in developing nations. This is exemplified by the fact that breast cancer is the leading cancer in many Indian cities and the second most prevalent in rural areas, representing between 25% and 32% of all female cancers, as reported by The Pink Initiative and Breast Cancer Statistics in India.
During the forecast period, market growth is anticipated to be driven by the efforts of prominent companies to enrich their product portfolios through the creation of novel products. As an example, Hologic Inc. received approval from the US Food and Drug Administration (FDA) in January 2019 for its RFID (radiofrequency identification) breast lesion localization device, which can be implanted for a prolonged period.
The breast lesion localization methods market is expected to experience growth due to the major players in the industry adopting expansion strategies.
The rising prevalence and occurrence of breast cancer have resulted in a heightened need for effective products, prompting manufacturers to enhance their market position through acquisitions, strategic mergers, and partnerships. An example of this is the distribution agreement between Hologic Inc. and SOMATEX Medical Technologies GmbH in July 2018, where Hologic Inc. was granted distribution rights for SOMATEX Tumark biopsy site markers in the United States.
Furthermore, the market for global breast lesion localization methods is anticipated to experience growth throughout the projected period due to a rise in product releases. Manufacturers are broadening their range of products by presenting new and improved products. As an example, SOMATEX Medical Technologies GmbH released a cutting-edge clip marking system, Tumark Eye, for breast cancer with exceptional ultrasound visibility in August 2018.
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Top companies
Leading companies including SOMATEX Medical Technologies GmbH, Cook Medical Inc., Hologic Inc., Sterylab Medical, Becton, Biopsybell Srl, Tsunami S.r.l., Dickinson and Company (C. R. Bard), and Argon Medical Devices Inc. are operating in the global breast lesion localization methods market.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technique
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Industry Trends
- Regulatory Scenario
- Reimbursement Scenario
- Epidemiology
- PEST Analysis
- Market Dynamics
- Global Breast Lesion Localization Methods Market, By Technique, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Wire Guided Localization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Radio Guided Occult Lesion Localization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Radioactive Seed Localization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Magnetic Tracers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Ultrasound Guided Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Introduction
- Global Breast Lesion Localization Methods Market, By End User, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Specialized Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Introduction
- Global Breast Lesion Localization Methods Market, By Region, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017–2026
- North America
- Market Size and Forecast, By Technique, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2030, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Technique, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2030, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Technique, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2030, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Technique, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2030, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Technique, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2030, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Technique, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2030, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2017 – 2030, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Cook Medical Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Argon Medical Devices, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- C. R. Bard, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- SOMATEX Medical Technologies GmbH
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Sterylab Medical
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Biopsybell Srl
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Hologic Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Tsunami S.r.l
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Cook Medical Inc.
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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